Air Transport Services Group (ATSG) Upgraded to Positive at Susquehanna Bancshares

Susquehanna Bancshares upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a neutral rating to a positive rating in a report published on Friday, Marketbeat.com reports.

A number of other analysts also recently issued reports on ATSG. Stifel Nicolaus set a $27.00 price target on shares of Air Transport Services Group and gave the company a buy rating in a report on Monday, October 15th. Zacks Investment Research downgraded shares of Air Transport Services Group from a buy rating to a hold rating in a report on Wednesday, October 17th. ValuEngine downgraded shares of Air Transport Services Group from a sell rating to a strong sell rating in a report on Thursday, October 18th. BidaskClub downgraded shares of Air Transport Services Group from a hold rating to a sell rating in a report on Friday, October 26th. Finally, Imperial Capital reduced their target price on shares of Air Transport Services Group from $25.00 to $19.00 and set an outperform rating on the stock in a report on Tuesday, November 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $27.17.

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Shares of NASDAQ ATSG opened at $23.99 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.88 and a current ratio of 1.02. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 19.35 and a beta of 0.96. Air Transport Services Group has a 52-week low of $17.06 and a 52-week high of $26.91.

Several institutional investors have recently bought and sold shares of ATSG. Northern Trust Corp increased its holdings in shares of Air Transport Services Group by 1.8% in the 2nd quarter. Northern Trust Corp now owns 712,703 shares of the transportation company’s stock worth $16,100,000 after buying an additional 12,436 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Air Transport Services Group by 11.0% in the 3rd quarter. Bank of Montreal Can now owns 100,583 shares of the transportation company’s stock worth $2,160,000 after buying an additional 9,987 shares during the last quarter. Creative Planning bought a new stake in shares of Air Transport Services Group in the 3rd quarter worth about $258,000. Rice Hall James & Associates LLC increased its holdings in shares of Air Transport Services Group by 8.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,119,256 shares of the transportation company’s stock worth $24,030,000 after buying an additional 84,783 shares during the last quarter. Finally, TCW Group Inc. increased its holdings in shares of Air Transport Services Group by 49.7% in the 3rd quarter. TCW Group Inc. now owns 442,770 shares of the transportation company’s stock worth $9,506,000 after buying an additional 147,007 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.